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New Post: Reflecting on Ponzi Schemes

Reflecting on Ponzi Schemes - Brad Feld

At the end of 2022, some people started shouting that Crypto was a Ponzi Scheme following earlier declarations by Bill Gates, Warren Buffett, and Charlie Munger. Others, especially those in the...

4:15 PM · Jan 15, 2023

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Ron Pragides 

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“As crypto continues to evolve, it’s worth remembering the part human nature and greed play in all of this. Whenever an economic bubble bursts, Ponzi’s and fraud are revealed. And there’s plenty of it, especially human nature and greed, all the time, everywhere, in finance.” 🎯

William Mougayar ⬢

Replying to

Thanks for debunking Ponzi in this context. The Ponzi is not in the technology, it’s a people thing. One could spin a Ponzi without technology.

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🤝

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1/ I will attempt to formulate the complete argument of why I believe fiat systems are ponzi schemes, and why "ponzi" is in fact the correct word twitter.com/rohangrey/stat…

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